Bond Refinancing to Save International Paper Funds

Summary


International Paper Co. received the green light Wednesday to refinance its $5 million bond, which the company said could save it up to $700,000.

The Development Authority of Richmond County's board members approved the refinancing on the 11-year-old bond, though the terms of the financing have yet to be worked out, said Greg Buechele, controller at International Paper.

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Extract


Bond Refinancing to Save International Paper Funds

"They're able to probably get a better rate, ...

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